We are renting the property now and I know we have to meet the 1031 guidelines to do the exchange.The motivation for the sale is he needs care right now and I would like to have a larger more functional house available for him to be cared for.Maybe there is another method to minimize capital gains taxes that make it easier to sell and keep the property 19 tax base ?

If you don't care about protecting your asset that is your own risk assessment decision.

Also, Dad's 97 and I currently take care of him at Home.

Whether you're a fellow property owner, a service provider, or just have some tips and tricks to share about the area, I'd love to connect!

.: I don't care about deals that were 'successfully' exited in 2021.Here's why:→ Real estate market was on fire→ Interest rates were at historic lows→ Market appreciation was outrageousSponsors could buy a propertydo basically nothing to itand sell 1-year later for a huge profit.Those days are over.The market in 2021 saved a lot of bad deals (and sponsors).Longer term holds, operations, and successful asset management practices will be critical moving forward.- -✅ How can you verify a successful exit?

All we care about it the numbers, NOTHING else matters.

Appreciate any tips/advice on how to get myself gain the knowledge in this area and also to figure out how to find properties that can generate positive cash flow.Appreciate your help and advice on thisThank you very much

California has specific mold laws - I suggest you read up on themCalifornia's "Toxic Mold Protection Act of 2001" authorizes the state's Department of Health Services (now called the Department of Health Care Services) to set permissible levels of indoor mold exposure for sensitive populations (like children, or people with compromised immune systems or respiratory problems).

Hey everyone I’m new to the bigger pockets forum, super excited to be here. Me and my partner are starting our real estate journey through wholesaling we are both well versed and have a decent amount of experience bet...

He lives overseas with my mom and doesn’t want to take care of it or worry about it.Path 2:My dad keeps the house under his name and I use my money from the sale of my house to renovate it.